NASDAQ$ONEW

OneWater Marine Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

OneWater Marine reported record results with significant growth across all core business segments due to unprecedented retail demand and a resilient business model.

OneWater Marine Inc. reported a strong fiscal third quarter 2020 with a 49% increase in revenue to $408.3 million and a 24% increase in net income to $40.6 million. The company experienced unprecedented retail demand, leading to significant growth in new and pre-owned boat sales, as well as finance and insurance income. Same-store sales also saw a record increase of 44%.

  • Revenue increased 49% to $408.3 million.
  • Same-store sales improved 44%.
  • New boat sales increased 59% to $287.0 million.
  • Net income increased 24% to $40.6 million.

Headline financials

Total Revenue

$408M

Previous: $275M+48.6%
EPS (adj)

$2.36

Previous: $5.91-60.1%
Same-store sales growth

44.0%

No prior period
Adjusted EBITDA

$49.2M

Previous: $25.3M+94.7%
Capital Expenditures

-$3.92M

No prior period
Free Cash Flow

$10.4M

No prior period
Net Income

$14.4M

Previous: $31.9M-55.0%
Operating Income

$50.7M

Previous: $26.9M+88.2%
Gross Profit

$94.7M

Previous: $62.7M+50.9%
Cash & Equivalents

$88M

No prior period
Total Assets

$525M

No prior period
Stock-Based Comp

$780K

No prior period

Revenue & EPS history

OneWater Marine · Revenue · Quarterly

$408M

Q3 2020+48.6%vs Q3 2019
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Revenue by segment

OneWater Marine · $373M total across 2 segments · Q3 2020

  • New boat sales
    $287M+58.8%
  • Pre-owned boat sales
    $85.9M+29.9%

Forward guidance

Due to the uncertainty of the COVID-19 pandemic, OneWater Marine will not be providing financial guidance for fiscal year 2020, but will provide full-year fiscal 2021 guidance on its fiscal fourth quarter and year-end 2020 earnings conference call later in 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-1.8%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-0.5%

Avg return

30 days after

44%

11 / 25 earnings

Positive

+13.7%

Q1 2025

Best reaction

-28.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-7.4%+7.3%+9.0%
Q1 2026-2.9%+5.5%-13.9%
Q4 2025-10.2%-20.8%-25.5%
Q2 2025-8.5%-17.4%-1.6%
Q1 2025+13.7%+16.8%+7.9%
Q4 2024-15.6%-18.8%-10.8%
Q3 2024-19.0%-26.8%-21.4%
Q2 2024+12.6%+12.0%+28.2%
Q1 2024+7.3%+3.0%+4.0%
Q4 2023-1.9%-1.3%+19.1%
Q3 2023-28.2%-27.9%-28.2%
Q2 2023+8.4%+12.4%+20.1%
Q1 2023-12.0%-12.2%-15.2%
Q4 2022-7.7%-6.1%-6.3%
Q3 2022+7.5%+4.5%+6.1%
Q2 2022+2.3%+3.5%-1.1%
Q1 2022-2.9%+2.9%-2.1%
Q4 2021+7.2%+7.3%-2.9%
Q3 2021+6.2%+4.0%-7.2%
Q2 2021-0.4%+7.1%-4.2%
Q1 2021+7.0%+0.3%+5.9%
Q4 2020+1.9%+15.5%+16.7%
Q3 2020-11.5%-6.2%+2.8%
Q2 2020+9.8%+17.5%+70.2%
Q1 2020-0.5%-15.2%-61.7%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2017

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